Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Short Interest Update

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 405,781 shares, a growth of 15.5% from the February 12th total of 351,222 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 60,906 shares, the short-interest ratio is currently 6.7 days. Based on an average daily volume of 60,906 shares, the short-interest ratio is currently 6.7 days. Approximately 0.7% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Wednesday, January 21st. Zacks Research raised Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $45.00.

Atlanta Braves Price Performance

NASDAQ BATRA opened at $48.21 on Tuesday. Atlanta Braves has a 1 year low of $38.67 and a 1 year high of $50.50. The company has a fifty day simple moving average of $45.50 and a 200 day simple moving average of $44.32. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16. The company has a market cap of $3.03 billion, a P/E ratio of -123.61 and a beta of 0.55.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.74) by $0.46. Atlanta Braves had a negative net margin of 3.19% and a positive return on equity of 0.08%. The firm had revenue of $61.30 million for the quarter, compared to the consensus estimate of $54.93 million. On average, sell-side analysts predict that Atlanta Braves will post -0.98 EPS for the current year.

Insider Buying and Selling

In other Atlanta Braves news, major shareholder John C. Malone bought 35,000 shares of the stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of $44.23 per share, with a total value of $1,548,050.00. Following the completion of the transaction, the insider directly owned 521,862 shares of the company’s stock, valued at $23,081,956.26. This represents a 7.19% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Atlanta Braves

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in Atlanta Braves during the 1st quarter valued at approximately $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Atlanta Braves by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock worth $266,000 after buying an additional 234 shares during the period. Jane Street Group LLC bought a new position in Atlanta Braves in the 1st quarter worth approximately $385,000. PNC Financial Services Group Inc. lifted its holdings in shares of Atlanta Braves by 9.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,507 shares of the financial services provider’s stock worth $123,000 after buying an additional 224 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Atlanta Braves by 8.3% during the second quarter. Legal & General Group Plc now owns 8,007 shares of the financial services provider’s stock worth $394,000 after buying an additional 614 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Company Profile

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.